46 Captains Way

Property Summary: 46 Captains Way, Island Lakes, Winnipeg

Key Characteristics & Buyer Appeal

This two-storey home in Island Lakes is a well-sized, modern property that stands out for its above-average living space and recent updates. With 1,954 sqft of living area, it ranks in the top 15% of the neighbourhood for size, offering more room than most comparable local homes. Built in 2005, it is a newer construction relative to the Winnipeg average, and its renovated basement adds immediate functional value. The attached garage is a practical feature for the climate.

The home’s primary appeal lies in its strong positional metrics within a desirable, established neighbourhood. Its assessed value and living area consistently rank in the top quarter when compared to homes on its own street, in Island Lakes, and citywide. This suggests a property that has been maintained well and aligns with above-average community standards. A thoughtful perspective is that while the lot size (4,398 sqft) is smaller than many in Island Lakes, it translates to less yard maintenance without sacrificing the neighbourhood feel—a potential perk for busy professionals or empty-nesters. The data indicates this home would best suit buyers looking for a move-in ready, spacious family home in a mature suburb, who value modern amenities and a strong community ranking over a large private yard.

Frequently Asked Questions

1. How does this home truly compare to others in the area?
The data shows it consistently outperforms averages. For living space, it’s larger than 85% of Island Lakes homes and 88% of citywide homes. Its assessed value is also higher than 84% of local and 87% of citywide comparables, indicating a premium position.

2. Is the lot size a disadvantage?
It depends on your priorities. The lot is smaller than most in Island Lakes, which means less private outdoor space. However, it is close to the citywide average and would involve less upkeep. The neighbourhood’s many parks and green spaces can offset this for many buyers.

3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the selling agent to understand the home’s full functional living space and quality of updates.

4. What is the recent sales history for context?
Public records show a sale in May 2020 in the range of $465,000 to $495,000. For the exact sale price, you can request the information directly via the listing page.

5. Are there similar homes available now?
Based on assessed value, similar properties can be found in other mature neighbourhoods like Elmhurst and Varsity View. On Captains Way itself, nearby homes at 42, 50, 38, and 54 Captains Way offer direct street-level comparisons.